Altria reported third quarter earnings that were below analysts’ expectations. The tobacco company’s adjusted earnings came in at $1.28 per share in the quarter vs. $1.30 expected by analysts polled by Refinitiv. Revenue in the quarter was $5.41 billion, missing analysts’ expectations of $5.59 billion. Looking ahead, Altria narrowed its adjusted earnings per share outlook to a range of $4.81...
Amazon shares plummeted -11% on Friday, amidst disappointing revenue outlook. The e-commerce company's third-quarter revenue climbed +14.7% from the year-ago quarter to $127.10 billion, missing analysts' expectations of $127.46 billion (according to Refinitiv). Earning for the quarter came in at 28 cents per share. For the fourth quarter, Amazon predicted revenue in the range of $140 billion...
Intel Corp.’s shares rose +5.7% in pre-market trading Friday, following the company’s third-quarter earnings beat. The chip company’s earnings for the quarter came in at $1.01 billion, or 25 cents a share, compared with $6.82 billion, or $1.67 a share, in the year-ago quarter. After adjusting for restructuring charges and other items, earnings were 59 cents a share, compared with $1.45 a...
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Automatic Data Processing, Inc. posted its fiscal first quarter adjusted earnings of $1.86 per share, up +13% year-over-year, and exceeding analysts’ expectations of $1.79 per share (according to figures compiled by Thomson Reuters). Revenues in the quarter ending September grew +10% from the year-ago period to $4.2 billion. Revenue was up +11% in organic constant currency. Looking ahead, the...
Coca-Cola posted its third quarter earnings that surpassed analysts’ expectations. The beverage maker also boosted its full-year outlook, on expectations of its strategy of hiking prices coupled with more affordable options to bolster sales growth. Coca-Cola’s adjusted earnings for the third quarter came in at 69 cents, well above the 64 cents expected by analysts (based on Refinitiv poll)...
Microsoft earnings for the fiscal first quarter came in at $2.35 per share, beating analysts’ expectations of $2.30 per share (based on Refinitiv poll). Revenue of $50.12 billion also exceeded the $49.61 billion expected by analysts, according to Refinitiv. Revenue from Microsoft's Intelligent Cloud business segment (which includes the Azure public cloud ) was $20.33 billion vs. the $20.36...
Shares of Alphabet fell about -7% in extended trading on Tuesday and then plunged more than -6% Wednesday, after the tech behemoth missed revenue and earnings expectations on Tuesday. Earnings came in at $1.06 per share, well below the $1.25 expected by analysts (according to Refinitiv estimates). Revenue of $69.09 billion also missed analysts’ expectation sof $70.58 billion (according to...
EssilorLuxottica SA posted third quarter revenue of 6.39 billion euros ($6.25 billion), which is +17% higher (+8.2% at constant currency rates). The figure is in line with analysts' expectations (based on FactSet poll). The luxury eyecare company’s revenue from North America rose +20.5% (+3.4% at constant currency rates) from the year-ago quarter, while those from EMEA were up +7.6%...
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Philips announced its plan to lay off 4,000 workers, which is over five per cent of the tech company's workforce. According to CEO Roy Jakobs, the move is intended to boost productivity and agility, (IANS reported), and to realize profitable growth potential and value creation for all the stakeholders. Philips estimates that severance and termination-related costs to be approximately 300...
Verizon posted adjusted earnings fell to $1.32 a share, from $1.42 a share a year ago. Nevertheless, the figure is well above the FactSet consensus of $1.29 a share. Revenue for the quarter came in at $34.2 billion, compared to $32.9 billion in the year-ago quarter. Analysts had expected $33.8 billion. The telecom company experienced a net loss of 189,000 consumer wireless retail postpaid...
Kinder Morgan Inc. posted third-quarter 2022 adjusted earnings of 25 cents, missing the Zacks Consensus Estimate of 29 cents per share. (as reported in Zacks Equity Research). Revenues of $5,177 million exceeded the Zacks Consensus Estimate of $4,522 million,and was also higher than $3,824 million posted in the prior-year quarter. While jet fuel volumes transported climbed +11% from the...
Equifax Inc. posted third-quarter 2022 earnings that exceeded the Zacks Consensus Estimates. The consumer credit reporting agency’s adjusted earnings fell -6.5% year-over-year to $1.73 per share, topping the Zacks Consensus Estimate by 5.5%. Revenues were up +1.8% year over year to $1.24 billion, exceeding the consensus estimate by 2.3%. The company’s US division revenue fell -9% from the...
Procter & Gamble reported its fiscal first quarter earnings that surpassed Wall Street expectations. The consumer products company’s earnings came in at $1.57 per share, beating expectations of $1.54 per share (based on Refinitiv poll). Revenue of $20.61 billion also topped analysts’ estimate of $20.28 billion. Unfavorable foreign exchange rates eroded revenue by 6%. When excluding the impact...
IBM posted stronger-than-expected third quarter earnings. Revenues, too, beat expectations. The software company’s adjusted earnings came in at $1.81 per share for the three months ending in September, topping the Street forecasts by around 3 cents per share. Revenues rose +6% from the year-ago quarter to $14.1 billion, exceeding the Street consensus forecast of $13.5 billion. Revenues from...
Tesla shares plunged on Thursday, after the electric carmaker's s third quarter sales came in lower than analysts’ expectations. The company also cautioned that its full-year vehicle deliveries may be lower than its 50% growth target. Revenues climbed +56% from the year-ago quarter to $21.45 billion, shy of analysts' expectations of $21.96 billion. Tesla’s adjusted earnings for the quarter...
J.B. Hunt reported third quarter earnings of $2.57 per share, beating analysts’ expectations of $2.45 per share. Revenue rose by +22.1% year-over-year to $3.83 billion, also exceeding the Street forecast of $3.8 billion. The current consensus EPS estimate is $2.44 on $3.81 billion in revenues for the coming quarter and $9.62 on $14.96 billion in revenues for the current fiscal year (according...
Netflix posted diluted earnings of $3.10 per share, that exceeded the Street expectations of $2.13 per share. Revenue rose +6% from the year-ago quarter to $7.93 billion, compared to analysts’ expectations of $7.84 billion. Netflix added almost 2.4 million global subscribers in the quarter, beating estimates of 1 million. However, the figure is lower than the 4.4 million in the year-ago...
Hasbro posted its third quarter earnings that missed the Street expectations. The toymaker’s earnings came in at $1.42 a share compared to the $1.52 expected by analysts (based on Refinitiv poll). Revenue for the quarter fell -15% from the year-ago quarter to $1.68 billion vs. $1.68 billion expected. Hasbro’s entertainment segment experience a – 34% plunge in revenue, while Film and TV...